20 August 2017
visit www.avoka.com

Central Bank of Belize adopts Swift for sanctions screening

01 August 2017  |  2717 views  |  0 Source: Swift

SWIFT announces today that the Central Bank of Belize has adopted its Sanctions Screening solution to combat financial crime.

The industry utility enables banks to take a proactive approach in building greater trust with the international financial community and mitigating de-risking.

Central Bank of Belize says, “The adoption of SWIFT’s Sanctions Screening further attests our commitment to prevent financial crime. Implementing the right compliance controls within an organization is not only a regulatory responsibility, but also a priority for global security.”

“We welcome Belize’s Central Bank decision to implement Sanctions Screening to further strengthen their financial crime compliance programme” says Juan Martínez, Managing Director Latin America and the Caribbean, SWIFT. “As compliance and cybersecurity challenges become increasingly sophisticated, we are committed to helping banks to ensure payments are secure and compliant as well as faster and more transparent. Through our growing financial crime compliance portfolio combined with SWIFT’s Customer Security Programme, and global payments innovation initiative, we are addressing these dimensions together in order to take correspondent banking to the next level.”

Since its launch in 2012, SWIFT’s Sanctions Screening service has been adopted by more than 650 customers in more than 140 countries, including entire banking communities. There are also 27 central banks using the service.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9304 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7975 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7472 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
6920 views 0 | 1 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
6597 views comments | 14 tweets | 12 linkedin

Featured job

Find your next job